TrueMark Investments LLC Acquires 8,302 Shares of NextEra Energy, Inc. $NEE

Key Points

• TrueMark Investments LLC increased its stake in NextEra Energy by 8.9%, acquiring an additional 8,302 shares, bringing their total holdings to 101,893 shares, valued at approximately $7,073,000.
• In the second quarter, several other institutions also boosted their positions in NextEra Energy, with CapWealth Advisors LLC raising their holdings by a significant 349.5%.
• NextEra Energy recently disclosed a quarterly dividend of $0.5665 per share, reflecting an annualized dividend of $2.27 and a dividend yield of 2.7%.

TrueMark Investments LLC raised its holdings in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 8.9% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 101,893 shares of the utilities provider's stock after purchasing an additional 8,302 shares during the quarter. NextEra Energy makes up about 1.5% of TrueMark Investments LLC's investment portfolio, making the stock its 12th largest position. TrueMark Investments LLC's holdings in NextEra Energy were worth $7,073,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. Signature Estate & Investment Advisors LLC raised its position in NextEra Energy by 1.8% in the 2nd quarter. Signature Estate & Investment Advisors LLC now owns 528,308 shares of the utilities provider's stock valued at $36,675,000 after purchasing an additional 9,183 shares during the last quarter. United Bank raised its position in NextEra Energy by 2.9% in the 2nd quarter. United Bank now owns 15,596 shares of the utilities provider's stock valued at $1,083,000 after purchasing an additional 444 shares during the last quarter. CapWealth Advisors LLC raised its position in NextEra Energy by 349.5% in the 2nd quarter. CapWealth Advisors LLC now owns 261,330 shares of the utilities provider's stock valued at $18,142,000 after purchasing an additional 203,193 shares during the last quarter. Quotient Wealth Partners LLC raised its position in shares of NextEra Energy by 8.1% during the second quarter. Quotient Wealth Partners LLC now owns 10,365 shares of the utilities provider's stock worth $720,000 after acquiring an additional 776 shares during the last quarter. Finally, Spirit of America Management Corp NY raised its position in shares of NextEra Energy by 6.7% during the second quarter. Spirit of America Management Corp NY now owns 53,575 shares of the utilities provider's stock worth $3,719,000 after acquiring an additional 3,350 shares during the last quarter. Institutional investors own 78.72% of the company's stock.

Insider Activity at NextEra Energy

In related news, EVP Mark Lemasney sold 846 shares of the company's stock in a transaction dated Thursday, September 25th. The stock was sold at an average price of $74.90, for a total transaction of $63,365.40. Following the sale, the executive vice president owned 9,267 shares in the company, valued at approximately $694,098.30. This represents a 8.37% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Michael Dunne sold 10,000 shares of the company's stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $70.79, for a total value of $707,900.00. Following the sale, the executive vice president owned 62,064 shares in the company, valued at $4,393,510.56. The trade was a 13.88% decrease in their position. The disclosure for this sale can be found here. Insiders sold 32,705 shares of company stock valued at $2,446,490 over the last ninety days. Company insiders own 0.20% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on NEE. BMO Capital Markets boosted their target price on NextEra Energy from $77.00 to $81.00 and gave the stock an "outperform" rating in a research report on Monday, July 21st. Evercore ISI set a $92.00 price objective on NextEra Energy and gave the stock an "outperform" rating in a research note on Monday, October 6th. JPMorgan Chase & Co. lifted their price objective on NextEra Energy from $86.00 to $87.00 and gave the stock an "overweight" rating in a research note on Friday, August 22nd. Jefferies Financial Group reaffirmed a "hold" rating and set a $85.00 price objective (up from $77.00) on shares of NextEra Energy in a research note on Tuesday. Finally, Mizuho set a $78.00 price objective on NextEra Energy in a research note on Thursday, August 21st. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, NextEra Energy presently has a consensus rating of "Moderate Buy" and a consensus price target of $86.40.

NextEra Energy Stock Down 0.7%

NYSE:NEE opened at $84.48 on Friday. NextEra Energy, Inc. has a 1 year low of $61.72 and a 1 year high of $86.74. The company has a current ratio of 0.54, a quick ratio of 0.45 and a debt-to-equity ratio of 1.36. The stock has a market cap of $173.97 billion, a price-to-earnings ratio of 29.54, a PEG ratio of 2.85 and a beta of 0.66. The stock has a 50-day moving average price of $75.54 and a two-hundred day moving average price of $72.24.

NextEra Energy (NYSE:NEE - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.01 by $0.04. NextEra Energy had a return on equity of 12.31% and a net margin of 22.84%.The firm had revenue of $6.70 billion during the quarter, compared to analysts' expectations of $7.52 billion. During the same period in the previous year, the firm earned $0.96 earnings per share. The company's revenue was up 10.4% on a year-over-year basis. As a group, equities analysts expect that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Thursday, August 28th were given a dividend of $0.5665 per share. This represents a $2.27 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend was Thursday, August 28th. NextEra Energy's dividend payout ratio is currently 79.37%.

NextEra Energy Profile

NextEra Energy, Inc, through its subsidiaries, generates, transmits, distributes, and sells electric power to retail and wholesale customers in North America. The company generates electricity through wind, solar, nuclear,natural gas, and other clean energy. It also develops, constructs, and operates long-term contracted assets that consists of clean energy solutions, such as renewable generation facilities, battery storage projects, and electric transmission facilities; sells energy commodities; and owns, develops, constructs, manages and operates electric generation facilities in wholesale energy markets.

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